Blockchain
The First EsportsFi Champion Was Born; Era7: Game of Truth Opens A New Chapter of The EsportsFi Ecosystem
Singapore–(Newsfile Corp. – October 2, 2022) – The champion of Web3’s first light tournament, Era7 “World Cup Tournament” (WCT) Season1, was finally revealed on October 1 at 15:00 UTC. After a multi-day battle, SantosBrat from Russia was crowned the winner of the $15,000 and digital asset airdrop prize. RocketMoneyH from Brazil and SemestaNami from Indonesia took second and third place respectively.
Tens of thousands of players from 30 countries joined the first season of Era7’s official tournament WCT. Of these, 1296 players qualified for the Play-In stage and 128 players advanced to the knockout & final stage. The total prize pool for the tournament was $130,000.
WCT received over a million views online, live streams and external video media distribution. The tournament process generated a lot of hot famous scenes such as speed pushing, baiting the enemy deep, and extreme counter-kill, which made the spectators enjoyable and the highly popular star players and clubs gained high attention at the same time.
Era7, the world’s original three-minute competitive element, is a TCG type game combining Esportsfi and NFT features. By collecting, forming decks, fighting and acquiring steps in the game, players can not only easily get the fun of TCG games in just three minutes, but also earn competitive rewards. Six months after the official launch of the project, Era7 has been ranked among the top projects of BNB Chain through the game’s good long-term competitive attributes and deep strategy and playability. It has attracted the attention of many TCG fans and cultivated players’ love for competitive elements and daily gaming habits, and the initial PVP competitive ecology within the game has been formed. In the future, Era7 will launch the operation mode with global exclusive competitive ecology, create the brand positioning of “web3 first innovative light competitive long term tournament”, shape the unique value of the project in the field of Web3, and fully promote the ecological construction of Esportsfi.
On September 23rd, Element, the world’s first multi-chain aggregated NFT marketplace, announced a strategic partnership with Era7 to help sustain the “Era7 WCT”: the first Web3 global light-competition event. According to the current plan, Era7 WCT will be held 6-8 seasons per year, with non-stop launch every two months, and the prize amount will be clearly arranged in the token launch plan and BUSD prize pool setting. The total prize pool is estimated to reach more than $5 million by 2023.
Era7 is capturing the potential 1 billion TCG fans with a three-minute speedy game experience, rich card selection, diverse game strategies and high prize money. In traditional TCG games, players optimize their decks by purchasing card packs, and the circulation of cards is reflected in the fair recognized value and number of issues among players, while in Era7, players can also continuously optimize their decks by acquiring resources, while the value of each card can be fully reflected in the game’s actual battle and marketplace, and the transactions among players become convenient and The value of each card is fully reflected in the game’s actual battle and trade market, and the trade between players becomes convenient and safe.
WCT is the world’s first light competitive tournament for TCG games in the web3 field, which is also very attractive to the traditional game users of web2. The unique attribute of combining blockchain technology with TCG game makes the number of users that can be reached by this product has great imagination. Through the high attention and long-running tournaments, the incentive policy of high prize pools, players’ motivation is fully mobilized, and it also allows players to further focus on competitive tournaments from the simple act of playing and earning, refer to the deck selection of more excellent players, and gradually transfer from the simple return of in-game asset rewards to the competition channel of more cash rewards, so that the in-game card series and double tokens can be fully consumed and use, not only ensuring sufficient liquidity on the game ecology, but also allowing the overall economy to cycle effectively.
In the traditional eSports prize pool establishment, most games have adopted the player crowdfunding model, through the sale of virtual goods to raise money from players to form the prize pool of the event, this model can fully mobilize the purchase intention of players, but there is also a certain degree of uncertainty, may be subject to the difference in the popularity of virtual goods, resulting in the amount of money raised fluctuates significantly, not easy to maintain the stability of the event. In Era7, a new channel of cash rewards for competitive events, mainly WCT, has been opened, and the prize pool for participants is not only determined by the number of rewards through digital asset placement, but also the BUSD prize pool and various sponsorship resources raised by the event to continuously enrich the prize pool, ensuring the continuous stability of the prize pool and supplementing the revenue channels for players, so that all participants can have a clear idea of the rewards they may obtain and will be motivated to play.
This emerging tournament has gained recognition within the industry. Era7’s another main strategic partner, Fundamental Labs is a leading Web3 and crypto venture capital firm focusing exclusively on accelerating fundamental innovations, mass adoption of blockchain tech, and creating value for a better digital society. While in the field of GameFi, it was the innovation of Era7’s continuous EsportsFi Ecosystem that took their fancy,
Meanwhile, as The CTH Group’s diamond level strategic partner, Era7 will participate in one of the main Web3 conferences of the year, MiamiWeb3 held by The CTH Group and the City of Miami.Era7 and Fundamental Labs will work closely and work on building a sustainable GameF Ecosystem.
The journey of “Era7 World Cup Tournament” Season2 is about to start, which also means that Era7 will join hands with various crucial partners to open a new chapter of long term tournament and Esportsfi ecosystem construction.
Era7: Game of Truth Official Links
Website: https://www.era7.io
Twitter: https://twitter.com/Era7_official
Telegram: https://t.me/Era7_Official
Discord: https://discord.com/invite/jtFRzTv5Zw
Email: [email protected]
Contact:
Iron Lin
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/139187
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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